Welltech Funding targets companies/start-ups that are using technology to create new, consumer-facing health and wellness solutions, from innovative online platforms, services and apps, to consumer tools and products.
Welltech Funding seeks to grow, and shepherd to market, companies that are tackling an exceptional, untapped opportunity — or unsolved problem — within the health and wellness market…companies that are bold and buildable — passionate, prescient and practical. When we discover a company that fulfills a strong consumer need or business benefit, we occasionally step outside of our normal investment guidelines.
Every application will be reviewed by Welltech Funding’s executive investment team, in consultation with its panel of successful health, wellness and technology entrepreneurs and experts. While Welltech Funding accepts concepts in a truly “embryonic” state, primarily focused on accelerating businesses with some existing revenues and consumer traffic — although less emphasis will be placed on the current numbers and more on the real opportunity for scalable growth.
Welltech Funding wants to give companies with the strongest ideas, business models, technology, founders and management teams the resources, seed capital, mentorship and consumer and business “connections” they need to focus and refine their business…and grow fast.
Benefits for Selected Companies
|$50k||Minimum investment of $50,000.|
|6 Months||Minimum 6-month ‘incubation/acceleration’ period (with possibility for extensions).|
|Space||An energized, collaborative office space and environment, in a fabulous Manhattan building/location.|
|Learn||The opportunity to work and learn shoulder-to-shoulder with other health/wellness companies in development — and with the executives/experts within SpaFinder, Inc.’s companies.|
|Mentor||Dedicated mentorship from SpaFinder’s CEO and senior executives, providing ongoing feedback, guidance and support, as well as valuable connections to a network of industry leaders and entrepreneurs.|
|Support||Invaluable marketing support, including exposure to a vast audience of wellness consumers and businesses at SpaFinder.com and via B2C and B2B database marketing.|
|Services||Legal, accounting, business, human resources, telecommunications and tech support and services.|
Contact Us / Apply
If you believe you and your company might be considered for the Welltech Incubator program, please contact Andrea Persily at 212-716-1203, or Andrea@welltechfunding.com
As part of the process you will be asked to provide a statement of capitalization and related financial information. Due diligence will include a general corporate review and other legal necessities. If not NYC based, relocation will be required during period of incubation.
As part of acceptance into the Health and Wellness Incubator program, Welltech Funding will ask for the right to participate in future rounds of third-party financing, including the right to purchase up to 20 percent of such future rounds at the then determined valuation.
Welltech Funding will not put any strings on a future acquisition nor interfere with opportunities for growth but will request preferential terms for SpaFinder, Inc., to have the right to use developed products on SpaFinder.com if and as applicable.